Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust specializing in the self-storage sector, has reported its second quarter 2025 financial results. The company saw a 2.7% increase in total revenues, reaching $3.2 million compared to the same period last year. Net income for the quarter rose to $664,000, up from $592,000 in the year-ago period, translating to an earnings per share of $0.06 per diluted share, compared to $0.05 in the same quarter of the previous year. Same-store revenues also increased by 2.7% to $3.2 million, while same-store net operating income grew by 4.0% to $2.0 million. For the first half of 2025, the company reported a net income of $1.2 million, or $0.11 per diluted share, compared to $0.9 million, or $0.08 per diluted share, in the first half of 2024. The company also noted a decrease in property operations expenses to $2.39 million and general and administrative expenses to $1.6 million during the first six months of 2025. Despite the competitive environment, Global Self Storage has maintained its quarterly dividend at $0.0725 per share, consistent with the previous year's period and last quarter. The annualized dividend rate stands at $0.29 per share. The company remains focused on its strategic business plan, which includes acquisitions and expansion projects, aiming to enhance shareholder value over time.
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